Fundraising Fox

Sysdig

Unicorn Β· $2.5B

15 known investors

sysdig.com β†—

Sysdig provides a cloud security platform for real-time threat detection and runtime security across containers and cloud environments, serving security teams and developers at enterprise organizations. Rooted in the open source projects sysdig and Falco, it offers cloud-native application protection (CNAPP) and monitoring capabilities.

Also known as draios Β· Sysdig, Inc.

Founders & leadership

LDLoris Degioanni
Loris Degioanniin𝕏Founder & CTO
HNHatem Naguib
Hatem Naguibin𝕏CEO
KWKaren Walker
Karen WalkerinCFO
CSConor Sherman
Conor ShermaninGlobal CISO

Investors Β· 15

Also in the syndicate Β· 4

DFJ GrowthGlynn CapitalGuggenheim InvestmentsPremji Invest & Associates

Valuation Β· disclosed

Disclosed events
$2.5Bvaluation at Series GDec 2021
filing β†—

Source: SEC prospectus filings, and round valuations the company or its investors disclosed β€” follow each entry's link for the claim.

Company profile

researched Aug 2026

Sysdig, Inc. is a cloud security vendor whose Sysdig Secure platform is a cloud-native application protection platform (CNAPP) unifying prevention, detection, and response across containers and Kubernetes, identities, workloads, and cloud services. The platform's core premise is runtime visibility: rather than inferring risk from configurations, code, and cloud APIs alone, Sysdig captures live system calls at the Linux kernel level to determine what is actually executing, and uses that signal to distinguish exploitable risk from theoretical risk. Product areas listed by the company include cloud security posture management (CSPM), cloud infrastructure entitlement management (CIEM), vulnerability management, container workload protection, container and Kubernetes security, cloud detection and response, data security posture management, AI workload security, and on-premises/air-gapped and private cloud security.

Platform components include the Cloud Attack Graph (risk prioritization and attack-path mapping across resources), Resource 360 and inventory search for unified asset visibility, agent and agentless deployment options, and real-time detections combining drift control, machine learning, and Falco rules maintained by the Sysdig Threat Research Team. A more recent layer, Sysdig Secure AI, adds a GenAI Assistant for natural-language questions and guidance, autonomous "agentic" workflows, and "headless cloud security" in which customers compose security workflows through their own AI agents via curated agent skills and an MCP server rather than the vendor's UI.

Sysdig also maintains a substantial open source footprint. It created the sysdig OSS system-visibility/DFIR tool (Apache 2.0 licensed, hosted on GitHub under the draios organization) and Falco, which it contributed to the CNCF; it co-develops and supports Wireshark and Stratoshark, and supports ecosystem projects including eBPF and Prometheus. The company reports contributing 500+ detection rules and 150,000 lines of code to the CNCF.

Founding story

Founder Loris Degioanni, a computer engineering PhD from Politecnico di Torino, collaborated with Wireshark creator Gerald Combs and developed WinPcap, which brought Wireshark to Windows. In 2013 he founded Sysdig to give developers and defenders visibility into what is actually running, starting as an open source project providing deep, system call-level introspection into containers before growing into a commercial platform.

Business model

Commercial SaaS security software built on an open source foundation: free open source projects (sysdig OSS, Falco, Stratoshark, Wireshark support) sit alongside the paid Sysdig Secure platform, historically also Sysdig Monitor. The company sells to enterprises and, as of late 2021, moved all deals outside the Global 500 to an indirect/partner motion.

Subscription/recurring revenue from the Sysdig platform; the company disclosed annual recurring revenue metrics and net revenue retention in 2021, indicating a per-customer subscription model with expansion.

Traction

As of December 2021 the company reported nearly 700 customers (up 140% year over year), 149% annual net revenue retention in the most recent quarter, average ARR above $875,000 across its top 50 customers, security annualized revenue run rate more than tripling in 12 months, a 300% increase in Sysdig Secure sales over 12 months, SaaS hosting locations expanded from nine to 16, and Falco downloads exceeding 37 million (up 335% since becoming a CNCF incubating project in January 2020). The sysdig OSS GitHub repository shows roughly 8,300 stars and 753 forks. Marketing materials cite customer outcomes of 95% time saved on vulnerability management, 98% reduction in vulnerability noise, 6:1 tool consolidation, 20% time savings, and threat detection in under two seconds.

Latest developments

Current site materials center on Sysdig Secure AI, comprising Headless Cloud Security (workflows driven by customers' own AI agents), Sysdig Agentic AI (autonomous agents pursuing customer-defined outcomes), and the Sysdig GenAI Assistant, plus curated agent skills and an MCP server that connect the platform to third-party AI coding and security agents. Sysdig was named a Leader in The Forrester Wave: Cloud Native Application Protection Solutions, Q1 2026, and publishes a 2026 Cloud-Native Security and Usage Report and AI workload security guidance. The company also launched an open source community program unifying Falco, sysdig OSS, Wireshark, and Stratoshark.

β–ΈFull profile β€” market position, technology, go-to-market, geography, history, risks & controversies

Market position

Positioned in the CNAPP/cloud detection and response market. Sysdig was named a Leader in The Forrester Wave: Cloud Native Application Protection Solutions, Q1 2026 (evaluated among 14 providers) and cites recognition as a Gartner Peer Insights Customers' Choice for CNAPP with 99% of customers recommending it. In August 2021 it was named a Representative Provider in Gartner's Innovation Insight for Cloud-Native Application Protection Platforms report. In 2021 it described itself as a unified container and cloud security leader with a $2.5B valuation.

Emphasis on runtime intelligence derived from live kernel-level syscall data as the basis for prioritization and AI reasoning, versus platforms built on configuration, code, and cloud API context; deep open source lineage (sysdig OSS, Falco in the CNCF, Wireshark, Stratoshark); an in-house Threat Research Team publishing cloud attack research (e.g., JADEPUFFER, SCARLETEEL) whose expertise is packaged as agent skills; and openness of the platform to customers' own AI agents through skills and an MCP server.

Technology

Kernel-level system call capture using eBPF drivers (Sysdig states it was first to ship commercial and OSS security drivers using eBPF), the Falco runtime detection engine, machine learning and drift control for real-time detection, a Cloud Attack Graph for risk correlation and attack path analysis, agentless cloud posture scanning plus a runtime agent that filters vulnerabilities in unused packages, and an AI layer comprising a GenAI Assistant, autonomous agents, curated agent skills, and an MCP server.

Go-to-market

Direct enterprise sales complemented by a partner program β€” from November 1, 2021 all deals outside the Global 500 were announced as indirect β€” plus cloud provider alliances with AWS, Google Cloud, Microsoft Azure, IBM Cloud, Red Hat, and SUSE Rancher, and open source community-led adoption via Falco and sysdig OSS that funnels users toward the commercial platform. Marketing assets include demos, threat research, annual cloud-native security and usage reports, and analyst recognition.

Enterprise security teams, security operations, and developers running containers, Kubernetes, and multi-cloud workloads; named or cited users include Commerce, JumpCloud, Apree Health, Automox, Syfe, and Worldpay.

Geography

Headquartered in San Francisco. As of December 2021 the company reported employees across five global offices and in more than 20 countries, 16 SaaS hosting locations (up from nine, including an Australia region added in 2021), and stated plans to accelerate expansion in Europe, the Middle East, Asia-Pacific, and South America. Founder Loris Degioanni is based in Davis, California.

History

Loris Degioanni, who had co-created Wireshark and developed WinPcap in the 1990s, founded Sysdig in 2013. The company published its innovation timeline as: sysdig OSS created in 2014 as the first tool for syscall-level introspection into containers; Falco created in 2016 and later contributed to the CNCF; Sysdig Secure built in 2017; eBPF-based security drivers developed in 2018; runtime insights for vulnerability prioritization and proactive IaC fixes via Git pull requests in 2021; a runtime-centric CNAPP, the Sysdig Sage AI assistant, and the 555 Benchmark for Cloud Detection & Response in 2023; agentic AI for CNAPP in 2025; and headless cloud security in 2026. Sysdig acquired Apolicy in August 2021, adding infrastructure-as-code security, and raised a $350M Series G in December 2021. Suresh Vasudevan was CEO at that time; the company is now led by CEO Hatem Naguib, previously CEO of Barracuda Networks.

Risks & controversies

No controversies are described in the available sources. The sources note competitive dynamics in a crowded CNAPP market (the Forrester evaluation covered 14 providers) and, in 2021, management stated it had no near-term plans to go public, citing a focus on scaling.

Compiled by commissioned research from 8 cited public sources β€” announcements, filings, and press listed under research sources below.

Key figures

latest reported
Average ARR across top 50 customersDec 2021$875K
Countries with employeesDec 202120
CustomersDec 2021700 customers
Customers recommending Sysdig (Customers' Choice for CNAPP)Jan 202699%
Detection rules contributed to open sourceJan 2026500 rules
Falco downloadsDec 202137,000,000 downloads
GitHub forks (draios/sysdig)Jan 2026753 forks
GitHub stars (draios/sysdig)Jan 20268,300 stars
Lines of code donated to the CNCFJan 2026150,000 lines of code
Net revenue retentionDec 2021149%
Reduction in vulnerability noise (customer outcome claim)Jan 202698%
SaaS hosting locationsDec 202116 locations
Sysdig Secure sales growth (12 months)Dec 2021300%
Threat detection timeJan 20262 seconds
Time saved on vulnerability management (customer outcome claim)Jan 202695%
Tool consolidation ratio (company claim)Jan 20266:1

Company-reported or press-reported figures, each dated to when it was claimed β€” not independently audited.

Competitors Β· 10

by search overlap
Netezza2192 shared keywordsIBM is a global technology company whose business spans enterprise software (including Red Hat, HashiCorp, and Confluent), IT infrastructure such as mainframes, servers, and storage, and IT consulting services. The company is also investing heavily in quantum computing and AI-based enterprise offerings, including its Lightwell open-source software security clearinghouse and the Anderon quantum wafer foundry.
Palo Alto Networks1510 shared keywordsPalo Alto Networks provides cybersecurity platforms and services to protect organizations' digital infrastructure across cloud, network, and security operations. The company serves enterprise organizations, governments, financial institutions, utilities, and healthcare providers globally.
Wiz1427 shared keywordsWiz provides cloud security platform that identifies and removes critical risks across multi-cloud environments. The company offers a unified security layer for organizations to manage risks and accelerate business operations on major cloud providers.
Sentinel One1345 shared keywordsSentinelOne provides an AI-powered cybersecurity platform for enterprises that integrates endpoint protection, threat detection, and incident response capabilities. The company serves large enterprises, including many Fortune 500 organizations, to protect against cyber threats at scale.
Crowdstrike1288 shared keywordsCrowdStrike provides an AI-native cybersecurity platform that unifies endpoint, identity, cloud, SaaS, and AI protection to detect and stop breaches for enterprise organizations. It combines automated response with human-led security operations including managed detection and response, threat hunting, and security services.
Check Point Software1107 shared keywordsCheck Point Software Technologies is a cybersecurity company providing security products and solutions. This page is its investor relations section, containing annual reports, SEC filings, financial results, and corporate governance information.
Aqua Security999 shared keywordsAquasec provides open-source and commercial security scanning solutions, including Trivy, designed to detect vulnerabilities and maintain security posture in cloud-native applications.
Trend Micro762 shared keywordsTrendAI (Trend Micro) provides enterprise cybersecurity through its TrendAI Vision One platform, which unifies endpoint, network, cloud, and identity security with XDR visibility, threat intelligence, and AI-focused threat protection. It serves enterprise customers across 185 countries, including hybrid cloud, virtualized data center, and modern SOC environments.
Spacelift726 shared keywordsSpacelift is an infrastructure orchestration platform that combines Infrastructure-as-Code, GitOps pipelines, and an AI assistant to let developers provision and manage cloud infrastructure while platform teams retain governance and control. It is offered as managed SaaS, self-hosted, on-prem/air-gapped, and FedRAMP-authorized SaaS, targeting platform and infrastructure engineering teams.
Docker716 shared keywordsDocker provides containerization and application development platform tools including sandboxes, governance, and security solutions for developers.

Companies competing with Sysdig for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline Β· 11

launches, deals, and filings
Jan 2026
Introduced headless cloud security

Sysdig states it was first to launch a cloud security platform built for AI agents, removing the need for dashboards and traditional user interfaces.

source β†—

Jan 2025
Introduced agentic AI for CNAPP

Sysdig introduced agentic AI in cloud security providing contextual, actionable guidance.

source β†—

Jan 2023
Launched CNAPP with runtime at its core, Sysdig Sage, and the 555 Benchmark

Per the company timeline, 2023 saw a unified CNAPP with runtime at the core, the Sysdig Sage AI assistant for cloud security workflows, and the 555 Benchmark for Cloud Detection & Response.

source β†—

Dec 2021
Sysdig raises $350M Series G at $2.5B valuation

Series G led by Permira's growth fund, with Guggenheim Investments and existing investors participating, bringing total funding to $744 million and more than doubling the valuation in eight months. Proceeds earmarked for expansion in Europe, the Middle East, Asia-Pacific and South America, doubling headcount in 2022, and partner program investment.

$350M source β†—

Dec 2021
Karen Walker appointed CFO and Paul Whitney appointed CHRO

Sysdig announced Karen Walker joined as Chief Financial Officer and Paul Whitney as Chief Human Resources Officer, alongside the Series G announcement.

source β†—

Aug 2021
Sysdig acquires Apolicy

Acquisition of Apolicy added infrastructure-as-code (IaC) security to the Sysdig platform, followed by guided remediation for IaC manifests and integrations with GitHub, GitLab, Azure DevOps, and Bitbucket.

source β†—

Aug 2021
Named a Representative Provider in Gartner Innovation Insight for CNAPP report

Sysdig was recognized as a Representative Provider in the 2021 Gartner Innovation Insight for Cloud-Native Application Protection Platforms report.

source β†—

Jan 2021
SaaS hosting footprint expanded from nine to 16 locations

Over roughly a year Sysdig expanded SaaS hosting regions from nine to 16, including adding Australia.

source β†—

Jan 2016
Falco created and contributed to the CNCF

Sysdig created Falco, described as the first runtime security project accepted by the CNCF.

source β†—

Jan 2014
Created sysdig open source

sysdig OSS released as a tool for system call-level introspection into containers.

source β†—

β€”
Named a Leader in The Forrester Wave: Cloud Native Application Protection Solutions, Q1 2026

Sysdig was named a Leader in the Forrester Wave for Cloud Native Application Protection Solutions, Q1 2026, an evaluation covering 14 providers.

source β†—

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

β–ΈResearch sources Β· 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Sysdig do?
Sysdig sells a runtime-centric cloud-native application protection platform built on its Falco and sysdig open source projects.
Who founded Sysdig?
Sysdig was founded by Loris Degioanni.
Who are Sysdig's investors?
Sysdig's investors include Accel, Premji Invest, Third Point Ventures, Bain Capital Ventures, Permira, Bright Pixel Capital, Glynn Capital Management, Insight Partners and 3 more.